Forex

The USDCAD gathers the positive momentum – Analysis - 23-09-2020

2020-09-23 03:36:24 GMT (Economies.com)

The USDCAD pair shows sideways trades since yesterday, settling around 1.3320, noticing that stochastic gathers the positive momentum gradually, while the EMA50 continues to support the price from below.

 

Therefore, our bullish overview will remain valid and active on the intraday basis, noting that our targets begin by surpassing 1.3362 to open the way to head towards 1.3450 as a next station, while the expected rise will remain valid conditioned by the price stability above 1.3190.

 

The expected trading range for today is between 1.3250 support and 1.3400 resistance.

The expected trend for today: Bullish

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